Rick Bormin, Personal Loans Moderator
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Yes, LightStream does a hard credit inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
LightStream's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the credit score simulator on WalletHub.
If you're looking for a lender that does not do a hard inquiry at all, you could consider Opploans and NetCredit.
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